BetMGM names Rhea Loney as its Chief Compliance Officer
Loney previously worked at Penn Interactive where she oversaw 20 retail sportsbook launches.
BetMGM has named Rhea Loney as its new Chief Compliance Officer, a position in which she will oversee the company’s compliance department. The areas under her remit of control will be online and retail operational compliance, registration and licensing, anti-money laundering, financial compliance and responsible gaming.
Loney joins BetMGM from Penn Interactive, the online subsidiary of PENN Entertainment, where she worked as the VP of Compliance, Regulatory Affairs & Strategy. While in this role, Loney helped build the compliance team from the ground up with a focus on regulatory affairs and all the responsibilities she is taking on now at BetMGM.
Also while at Penn Interactive, Loney oversaw the launch of Barstool Sportsbooks in 13 states, and iCasino in four states – and 20 retail sportsbook launches.
Additionally, Loney holds a J.D. from Tulane Law School and a B.S. from Southeastern Louisiana University. He served as an assistant attorney general with the Louisiana DOJ division of gaming. While there, she represented and provided legal counsel to the Louisiana State Racing Commission from 2011-2019.
With all her experience in this field, BetMGM CEO Adam Greenblatt commented: “Rhea brings extensive industry knowledge and regulatory experience to BetMGM and is a phenomenal addition to our team as we continue to grow rapidly in a dynamic industry.”
Loney was also enthused upon her appointment, saying: “I’m thrilled to play a meaningful role in BetMGM’s continued commitment to excellence in compliance. BetMGM is uniquely positioned in the market, and we will continue to be a leader and innovator in responsible gaming and compliance.”
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